83 FR 30220 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Loans in Areas Having Special Flood Hazards
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 124 (June 27, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 124 (June 27, 2018)
| Page Range | 30220-30221 | |
| FR Document | 2018-13745 |
[Federal Register Volume 83, Number 124 (Wednesday, June 27, 2018)] [Notices] [Pages 30220-30221] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-13745] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Loans in Areas Having Special Flood Hazards AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled ``Loans in Areas Having Special Flood Hazards.'' The OCC also is giving notice that the information collection has been submitted to OMB for review. DATES: Comments must be received by July 27, 2018. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:Email: [email protected]. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0326, 400 7th Street SW, suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Fax: (571) 465-4326. Instructions: You must include ``OCC'' as the agency name and ``1557-0326'' in your comment. In general, the OCC will publish your comment on www.reginfo.gov without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0326, U.S. Office of Management and Budget, 725 17th Street NW, #10235, Washington, DC 20503 or by email to [email protected]. You may review comments and other related materials that pertain to this information collection \1\ following the close of the 30-Day comment period for this notice by any of the following methods: --------------------------------------------------------------------------- \1\ On April 3, 2018, the OCC published a 60-Day notice for this information collection. --------------------------------------------------------------------------- Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ``Information Collection Review'' tab. Underneath the ``Currently under Review'' section heading, from the drop-down menu, select ``Department of Treasury'' and then click ``submit.'' This information collection can be located by searching by OMB control number ``1557-0326'' or ``Loans in Areas Having Special Flood Hazards.'' Upon finding the appropriate information collection, click on the related ``ICR Reference Number.'' On the next screen, select ``View Supporting Statement and Other Documents'' and then click on the link to any comment listed at the bottom of the screen. For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340. Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect comments. FOR FURTHER INFORMATION CONTACT: Sharon A. Johnson, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC asks OMB to extend its approval of the following information collection. Title: Loans in Areas Having Special Flood Hazards. OMB Control No.: 1557-0326. Type of Review: Regular. Description: This information collection is required to evidence compliance with the requirements of the federal flood insurance statutes with respect to lenders and servicers and set forth in OCC regulations at 12 CFR part 22. These provisions are required by the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended.\2\ The information [[Page 30221]] collection requirements in part 22 are as follows: --------------------------------------------------------------------------- \2\ 42 U.S.C. 4001-4129. --------------------------------------------------------------------------- 12 CFR 22.5--Escrow Requirements--With certain exceptions with respect to types of loans and size of institution, national banks and federal savings associations, and their servicers, must escrow flood insurance premiums and fees for all loans secured by properties located in a Special Flood Hazard Area made, increased, extended, or renewed on or after January 1, 2016. Written notice must be provided informing the borrower that the institution is required to escrow all premiums and fees for required flood insurance. 12 CFR 22.6--Required Use of Standard Flood Hazard Determination Form--A national bank or federal savings association must use the Standard Flood Hazard Determination Form developed by FEMA. 12 CFR 22.6(b)--Retention of Standard Flood Hazard Determination Form--A national bank or federal savings association must retain a copy of the completed Standard Flood Hazard Determination Form for the period of time the bank or savings association owns the loan. 12 CFR 22.7--Notice of Forced Placement of Flood Insurance--If a national bank, federal savings association, or its loan servicer determines during the period of time the bank or savings association owns the loan that the property securing the loan is not covered by adequate flood insurance, the national bank, federal savings association, or its loan servicer must notify the borrower that the borrower should obtain adequate flood insurance coverage (forced placement notice). The forced placement notice informs the borrower of the amount of flood insurance to purchase. If the borrower fails to purchase insurance, the bank, savings association, or its servicer must purchase insurance on the borrower's behalf and may charge the borrower for the premiums and fees. The insurance provider must be notified to terminate any insurance purchased by an institution or servicer within 30 days of receipt of confirmation of a borrower's existing flood insurance coverage. 12 CFR 22.9--Notice to Borrower and Servicer--A national bank or federal savings association making, extending, increasing, or renewing a loan secured by property located in a special flood hazard area must provide a notice to the borrower and loan servicer (borrower notice). The borrower notice advises the borrower that the property securing the loan is located in a special flood hazard area and that flood insurance on the property securing the loan is required. Among other things, the borrower notice includes a description of the flood insurance purchase requirements and states that flood insurance is available under the National Flood Insurance Program, where applicable, that flood insurance may be available from private insurance companies, and that federal disaster relief assistance may be available in the event of a declared federal flood disaster. 12 CFR 22.9(d) and (e)--Record of Borrower and Servicer Receipt of Notice and Alternate Method of Notice--A national bank or federal savings association must retain a record of the receipt of the borrower notice by the borrower and the loan servicer for the period of time the bank or savings association owns the loan. In lieu of providing the borrower notice, a national bank or federal savings association may obtain a satisfactory written assurance from a seller or lessor that, within a reasonable time before completion of the sale or lease transaction, the seller or lessor has provided such notice to the purchaser or lessee. The bank or savings association must retain a record of the written assurance from the seller or lessor for the period of time the bank or savings association owns the loan. 12 CFR 22.10--Notices to FEMA--A national bank or federal savings association making, increasing, extending, renewing, selling, or transferring a loan secured by property located in a special flood hazard area must notify the Administrator of FEMA (or FEMA's designee) of the identity of the loan servicer (notice of servicer) and must notify the Administrator of FEMA of any change in the loan servicer (notice of servicer transfer) within 60 days of such change. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,550. Estimated Total Annual Burden: 106,951. Frequency of Response: On occasion. The OCC issued a notice for 60 days of comment regarding this collection on April 2, 2018, 83 FR 14314. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: June 20, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel. [FR Doc. 2018-13745 Filed 6-26-18; 8:45 am] BILLING CODE 4810-33-P
![30220 Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices
VII. NHTSA’s Decision collection as required by the Paperwork Review’’ section heading, from the drop-
In consideration of the foregoing, Reduction Act of 1995 (PRA). down menu, select ‘‘Department of
In accordance with the requirements Treasury’’ and then click ‘‘submit.’’ This
NHTSA finds that Autocar has met its
of the PRA, the OCC may not conduct information collection can be located by
burden of persuasion that the FMVSS
or sponsor, and the respondent is not searching by OMB control number
No. 101 noncompliance is, in each case,
required to respond to, an information ‘‘1557–0326’’ or ‘‘Loans in Areas Having
inconsequential as it relates to motor
collection unless it displays a currently Special Flood Hazards.’’ Upon finding
vehicle safety. Accordingly, Autocar’s
valid Office of Management and Budget the appropriate information collection,
petitions are hereby granted, and
(OMB) control number. click on the related ‘‘ICR Reference
Autocar is consequently exempted from The OCC is soliciting comment Number.’’ On the next screen, select
the obligation to provide notification of, concerning the renewal of its ‘‘View Supporting Statement and Other
and remedy for, the subject information collection titled ‘‘Loans in Documents’’ and then click on the link
noncompliance in the affected vehicles Areas Having Special Flood Hazards.’’ to any comment listed at the bottom of
under 49 U.S.C. 30118 and 30120. The OCC also is giving notice that the the screen.
NHTSA notes that the statutory information collection has been • For assistance in navigating
provisions (49 U.S.C. 30118(d) and submitted to OMB for review. www.reginfo.gov, please contact the
30120(h)) that permit manufacturers to Regulatory Information Service Center
DATES: Comments must be received by
file petitions for a determination of at (202) 482–7340.
inconsequentiality allow NHTSA to July 27, 2018.
ADDRESSES: Commenters are encouraged
• Viewing Comments Personally: You
exempt manufacturers only from the may personally inspect comments at the
duties found in sections 30118 and to submit comments by email, if
possible. You may submit comments by OCC, 400 7th Street SW, Washington,
30120, respectively, to notify owners, DC. For security reasons, the OCC
purchasers, and dealers of a defect or any of the following methods:
• Email: prainfo@occ.treas.gov. requires that visitors make an
noncompliance and to remedy the appointment to inspect comments. You
• Mail: Legislative and Regulatory
defect or noncompliance. Therefore, this may do so by calling (202) 649–6700 or,
Activities Division, Office of the
decision only applies to the subject for persons who are deaf or hearing
Comptroller of the Currency, Attention:
vehicles that Autocar no longer impaired, TTY, (202) 649–5597. Upon
1557–0326, 400 7th Street SW, suite 3E–
controlled at the time it determined that arrival, visitors will be required to
218, Washington, DC 20219.
the noncompliance existed. However, • Hand Delivery/Courier: 400 7th present valid government-issued photo
the granting of these petitions does not Street SW, Suite 3E–218, Washington, identification and submit to security
relieve vehicle distributors and dealers DC 20219. screening in order to inspect comments.
of the prohibitions on the sale, offer for • Fax: (571) 465–4326. FOR FURTHER INFORMATION CONTACT:
sale, or introduction or delivery for Instructions: You must include Sharon A. Johnson, OCC Clearance
introduction into interstate commerce of ‘‘OCC’’ as the agency name and ‘‘1557– Officer, (202) 649–5490 or, for persons
the noncompliant vehicles under their 0326’’ in your comment. In general, the who are deaf or hearing impaired, TTY,
control after Autocar notified them that OCC will publish your comment on (202) 649–5597, Legislative and
the subject noncompliance existed. www.reginfo.gov without change, Regulatory Activities Division, Office of
Authority: 49 U.S.C. 30118, 30120: including any business or personal the Comptroller of the Currency, 400 7th
delegations of authority at 49 CFR 1.95 and information that you provide, such as Street SW, Suite 3E–218, Washington,
501.8. name and address information, email DC 20219.
Michael A. Cole, addresses, or phone numbers. SUPPLEMENTARY INFORMATION: Under the
Acting Director, Office of Vehicle Safety
Comments received, including PRA (44 U.S.C. 3501–3520), federal
Compliance. attachments and other supporting agencies must obtain approval from the
[FR Doc. 2018–13830 Filed 6–26–18; 8:45 am]
materials, are part of the public record OMB for each collection of information
and subject to public disclosure. Do not that they conduct or sponsor.
BILLING CODE 4910–59–P
include any information in your ‘‘Collection of information’’ is defined
comment or supporting materials that in 44 U.S.C. 3502(3) and 5 CFR
you consider confidential or 1320.3(c) to include agency requests or
DEPARTMENT OF THE TREASURY inappropriate for public disclosure. requirements that members of the public
Additionally, please send a copy of submit reports, keep records, or provide
Office of the Comptroller of the your comments by mail to: OCC Desk information to a third party. The OCC
Currency Officer, 1557–0326, U.S. Office of asks OMB to extend its approval of the
Management and Budget, 725 17th following information collection.
Agency Information Collection Street NW, #10235, Washington, DC Title: Loans in Areas Having Special
Activities: Information Collection 20503 or by email to oira_submission@ Flood Hazards.
Renewal; Submission for OMB Review; omb.eop.gov. OMB Control No.: 1557–0326.
Loans in Areas Having Special Flood You may review comments and other Type of Review: Regular.
Hazards related materials that pertain to this Description: This information
information collection 1 following the collection is required to evidence
AGENCY: Office of the Comptroller of the close of the 30-Day comment period for compliance with the requirements of the
Currency (OCC), Treasury. this notice by any of the following federal flood insurance statutes with
ACTION: Notice and request for comment. methods: respect to lenders and servicers and set
daltland on DSKBBV9HB2PROD with NOTICES
• Viewing Comments Electronically: forth in OCC regulations at 12 CFR part
SUMMARY: The OCC, as part of its Go to www.reginfo.gov. Click on the 22. These provisions are required by the
continuing effort to reduce paperwork ‘‘Information Collection Review’’ tab. National Flood Insurance Act of 1968
and respondent burden, invites the Underneath the ‘‘Currently under and the Flood Disaster Protection Act of
general public and other federal 1973, as amended.2 The information
agencies to take this opportunity to 1 On April 3, 2018, the OCC published a 60-Day
comment on a continuing information notice for this information collection. 2 42 U.S.C. 4001–4129.
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![Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices 30221
collection requirements in part 22 are as flood insurance on the property (c) Ways to enhance the quality,
follows: securing the loan is required. Among utility, and clarity of the information to
• 12 CFR 22.5—Escrow other things, the borrower notice be collected;
Requirements—With certain exceptions includes a description of the flood (d) Ways to minimize the burden of
with respect to types of loans and size insurance purchase requirements and the collection on respondents, including
of institution, national banks and states that flood insurance is available through the use of automated collection
federal savings associations, and their under the National Flood Insurance techniques or other forms of information
servicers, must escrow flood insurance Program, where applicable, that flood technology; and
premiums and fees for all loans secured insurance may be available from private (e) Estimates of capital or start-up
by properties located in a Special Flood insurance companies, and that federal costs and costs of operation,
Hazard Area made, increased, extended, disaster relief assistance may be maintenance, and purchase of services
or renewed on or after January 1, 2016. available in the event of a declared to provide information.
Written notice must be provided federal flood disaster. Dated: June 20, 2018.
informing the borrower that the • 12 CFR 22.9(d) and (e)—Record of Karen Solomon,
institution is required to escrow all Borrower and Servicer Receipt of Notice
premiums and fees for required flood Acting Senior Deputy Comptroller and Chief
and Alternate Method of Notice—A Counsel.
insurance. national bank or federal savings
• 12 CFR 22.6—Required Use of association must retain a record of the
[FR Doc. 2018–13745 Filed 6–26–18; 8:45 am]
Standard Flood Hazard Determination receipt of the borrower notice by the
BILLING CODE 4810–33–P
Form—A national bank or federal borrower and the loan servicer for the
savings association must use the period of time the bank or savings
Standard Flood Hazard Determination DEPARTMENT OF THE TREASURY
association owns the loan. In lieu of
Form developed by FEMA. providing the borrower notice, a
• 12 CFR 22.6(b)—Retention of Internal Revenue Service
national bank or federal savings
Standard Flood Hazard Determination Proposed Collection; Comment
association may obtain a satisfactory
Form—A national bank or federal
written assurance from a seller or lessor Request for Regulation Project
savings association must retain a copy
that, within a reasonable time before
of the completed Standard Flood Hazard AGENCY: Internal Revenue Service (IRS),
completion of the sale or lease
Determination Form for the period of Treasury.
transaction, the seller or lessor has
time the bank or savings association ACTION: Notice and request for
provided such notice to the purchaser or
owns the loan. comments.
• 12 CFR 22.7—Notice of Forced lessee. The bank or savings association
Placement of Flood Insurance—If a must retain a record of the written SUMMARY: The Internal Revenue Service,
national bank, federal savings assurance from the seller or lessor for as part of its continuing effort to reduce
association, or its loan servicer the period of time the bank or savings paperwork and respondent burden,
determines during the period of time the association owns the loan. invites the general public and other
bank or savings association owns the • 12 CFR 22.10—Notices to FEMA— Federal agencies to take this
loan that the property securing the loan A national bank or federal savings opportunity to comment on proposed
is not covered by adequate flood association making, increasing, and/or continuing information
insurance, the national bank, federal extending, renewing, selling, or collections, as required by the
savings association, or its loan servicer transferring a loan secured by property Paperwork Reduction Act of 1995. The
must notify the borrower that the located in a special flood hazard area IRS is soliciting comments concerning
borrower should obtain adequate flood must notify the Administrator of FEMA Revenue Procedure 2015–41—Section
insurance coverage (forced placement (or FEMA’s designee) of the identity of 482—Allocation of Income and
notice). The forced placement notice the loan servicer (notice of servicer) and Deductions Among Taxpayers.
informs the borrower of the amount of must notify the Administrator of FEMA
DATES: Written comments should be
flood insurance to purchase. If the of any change in the loan servicer
(notice of servicer transfer) within 60 received on or before August 27, 2018
borrower fails to purchase insurance, to be assured of consideration.
the bank, savings association, or its days of such change.
Affected Public: Businesses or other ADDRESSES: Direct all written comments
servicer must purchase insurance on the
borrower’s behalf and may charge the for-profit. to Laurie Brimmer, Internal Revenue
borrower for the premiums and fees. Estimated Number of Respondents: Service, Room 6526, 1111 Constitution
The insurance provider must be notified 1,550. Avenue NW, Washington, DC 20224.
to terminate any insurance purchased Estimated Total Annual Burden: FOR FURTHER INFORMATION CONTACT:
by an institution or servicer within 30 106,951. Requests for additional information or
days of receipt of confirmation of a Frequency of Response: On occasion. copies of the regulation should be
borrower’s existing flood insurance The OCC issued a notice for 60 days directed to Sara Covington, at (202)
coverage. of comment regarding this collection on 317–6038, Internal Revenue Service,
• 12 CFR 22.9—Notice to Borrower April 2, 2018, 83 FR 14314. No Room 6526, 1111 Constitution Avenue
and Servicer—A national bank or comments were received. Comments NW, Washington, DC 20224, or through
federal savings association making, continue to be invited on: the internet at Sara.L.Covington@irs.gov.
extending, increasing, or renewing a (a) Whether the collection of SUPPLEMENTARY INFORMATION:
daltland on DSKBBV9HB2PROD with NOTICES
loan secured by property located in a information is necessary for the proper Title: Revenue Procedure 2015–41
special flood hazard area must provide performance of the functions of the (Formerly 2006–9)—Section 482—
a notice to the borrower and loan OCC, including whether the information Allocation of Income and Deductions
servicer (borrower notice). The borrower has practical utility; Among Taxpayers.
notice advises the borrower that the (b) The accuracy of the OCC’s OMB Number: 1545–1503.
property securing the loan is located in estimate of the burden of the collection Regulation Project Number: Revenue
a special flood hazard area and that of information; Procedure 2015–41.
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Document Created: 2018-11-06 09:52:56
Document Modified: 2018-11-06 09:52:56
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be received by July 27, 2018. | |
| Contact | Sharon A. Johnson, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. | |
| FR Citation | 83 FR 30220 |
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